PENN TRAFFIC AIM: REGAIN CONSUMER AND INVESTOR FAITH

SYRACUSE, N.Y. -- As supermarket retailer and food wholesaler Penn Traffic Co. here emerges from Chapter 11 bankruptcy protection, the company is setting plans in motion aimed at restoring customer and investor confidence.Penn Traffic's Joint Plan of Reorganization was confirmed by the U. S. Bankruptcy Court for the District of Delaware just before the Memorial Day weekend, and the company anticipates

Penn Traffic's Joint Plan of Reorganization was confirmed by the U. S. Bankruptcy Court for the District of Delaware just before the Memorial Day weekend, and the company anticipates its reorganization plan will be effective early this month.